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Here’s an exceedingly stupid take on Communist China using subsidies to eviscerate the US economy.
China’s Export Subsidies Are a Gift:
“(We should be) making a beeline to the nearest Hallmark store to buy thank you cards to send to the Chinese government for the subsidies it provides to Chinese exporters….”
This was published just this past September. After almost two years of the global lockdown and more than six months of the all-encompassing US supply chain shortage caused by just one China (and US)-subsidized Chinese export — the Coronavirus. //
And the companies China didn’t suck out of America? They’re buying them right here in the US. Without any opposition from the officials we elect — but they own.
Why Are We Letting China Buy American Companies?
The Biggest American Companies Now Owned by the Chinese
Ten Iconic American Companies Owned by Chinese Investors
China Is Buying Up American Farms
How China Acquires ‘The Crown Jewels’ of U.S. Technology
Ah yes: The ever-increasingly dominant Digital Economy.
As we’ve seen, US Big Tech companies refuse to work with our government but are more than happy to work with China’s Communist government. But it goes way beyond just these “edge” sell-outs.
The core businesses that make the Digital Economy possible? Are one way or another almost entirely dominated by China.
Rare Earth Metals Are Critical to Tech Sector and China Dominates Market
China Dominates Global Coal Production
How China Is Dominating Artificial Intelligence
Three Reasons Why China Is the Global Drones Leader
But even before China can dominate all of these portions of the Digital Economy? They must dominate semiconductor production. Semiconductor “chips” are the digital brains behind everything technological. So of course China dominates chip production too.
China Semiconductor Imports Surge to All-Time High Amid Global Chip Shortage
Modern Infrastructure Problem: A Lack of Domestic Semiconductor Production
Why Fewer Chips Say ‘Made in the U.S.A.’:
“In 1990, the U.S. and Europe produced more than three-quarters of the world’s semiconductors. Now, they produce less than a quarter. Japan, South Korea, Taiwan and China have risen to squeeze out the U.S. and Europe. And China is on pace to become the world’s largest chip producer by 2030.” //
Beating Dead Horses: Forget ‘Build Back Better’ and Get Bipartisan Already
Congress has wasted many months myopically fixated on this monstrosity. Which has now created a year-end legislative log jam. Which has led to this….
Congress’ Chip-Funding Pause Raises Alarms:
“Despite bipartisan support in the Senate, a plea by the Commerce Secretary and growing desperation from industry officials, Congress still can’t get a key bill that funds the U.S. chip business over the finish line.”
The CHIPS bill should be treated as “must-pass” legislation.
Because it is must-pass legislation.